Benefits of a Health Program for Employers and Employees

Benefits of a Health Program for Employers and Employees

An unhealthy workforce negatively affects an employer’s bottom line through lost productivity and higher health premiums, just to name a few ways. Realizing this, more and more workplaces are looking at wellness programs and health promotion incentives. Companies that implement a wellness program at work will achieve many benefits such as increased staff moral, increased […]

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Reporting Automation – Are You Taking Advantage?

Reporting Automation – Are You Taking Advantage?

Efficiently managing either a traditional or Flex Benefit Plan can be a complex and time consuming endeavour.  The multitude of manual tasks that are often performed by benefit administrators not only costs valuable time, but increases the risk of errors. The ability to automate many of these manual processes can improve employee performance and satisfaction, […]

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Advantage of Documented Processes and Controls

Advantage of Documented Processes and Controls

In a business environment, typically each individual may have a separate and distinct method of accomplishing any given task (though not always correct).  However, when processes, procedures, or methods are thoroughly and accurately documented, each step necessary to complete a task is detailed and documented for the user, so that the task can be completed […]

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Back to School – Overage Student Dependant Coverage

Back to School – Overage Student Dependant Coverage

As September is coming to a close, we need to remind employees with university age children to update benefit coverage for these dependants.  Sending reminder letters stating that coverage for overage dependent students terminates on August 31st of each year will prompt employees to review their dependent benefit coverage. Encourage employees to review the school information and […]

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Legislative Requirements and Managing Personal Information

Legislative Requirements and Managing Personal Information

Managing personal information is a challenge and a responsibility in today’s advanced business environment. There are rules and they are set out in the Personal Information Protection and Electronic Documents Act.  This Act is often referred to as PIPEDA (2004) and it applies to private enterprises across Canada. PIPEDA  requires private-sector organizations to collect, use […]

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Manitoba Tax Changes Impact Group Insurance

Manitoba Tax Changes Impact Group Insurance

The Manitoba Government recently announced changes to the 2012 Budget which will impact insurance contracts.  Effective July 15th 2012, Retail Sales Tax (RST) will apply to certain insurance contracts at the rate of 7%.  Group Insurance contracts including the following benefits will be affected, according to the Manitoba Government Taxation division bulletin found at http://www.gov.mb.ca/finance/taxation/bulletins/061.pdf […]

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Effective Communication and Perceived Value – Group Benefit Plans

Effective Communication and Perceived Value – Group Benefit Plans

The importance of effective communication cannot be undervalued; this is especially true when it comes to communicating your group benefit plan. It creates employee awareness of the available benefits, plan restrictions and general provisions of the plan. It also supports the company’s efforts to establish perceived plan value. Companies invest a great deal of time […]

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Tax Implications for Group Accident and Sickness Plans

Tax Implications for Group Accident and Sickness Plans

In the Federal Budget released on March 29, 2012, the Government of Canada made some changes regarding taxation for Group Accident and Sickness plans that could have consequences for plan sponsors. Although the implications are still being reviewed, it is important to note that the federal budget is not necessarily a clear document of proposed […]

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Is Your Benefit Administrator “Drug-Pool” Ready?

Is Your Benefit Administrator “Drug-Pool” Ready?

According to the Canadian Life and Health Insurance Association (CLHIA), annual drug costs have increased at a “historical rate” of 9.4%. For some employers, that’s three times the increase in overall compensation costs. Future drug cost trending is also looking grim, to the extent that sustainability appears to be less of a threat than the extinction of […]

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Total Compensation Statements can help employers to maximize their ROI.

Total Compensation Statements can help employers to maximize their ROI.

Most employees extremely underestimate their total compensation package. As a result, attracting and retaining valuable employees can be a huge challenge. Ensuring employees understand and value their total rewards package can help an organization: To attract new recruits. To motivate and retain your high performing employees. To reinforce your brand and set yourself apart from […]

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